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Property profile & analytics
OFF-MARKET
Banks
2211 Hwy 101st N Tillamook, OR 97141-7717
Individually Owned
12-yr Hold
Free & Clear
Property ID
US71-0680791
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Total area
1,570 SF
Lot
0.31 ac (13,504 SF)
Zoning code
TM-C-H
APN
1S0919-B0-00701
UPID
US71-0680791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Oregon Coast Bk · 12 yrs held
Oregon Coast Bk
since 2014
3 recorded transactions
Zoning & alternative use
TM-C-H · Tillamook, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tillamook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tillamook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,182
Tax year 2023
Assessed value
$599,840
Assessed 2023
Previous assessed
$582,370
+3.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$200,340
Assessed improvement
$399,500
Land market value
$277,550
Improvement market value
$570,300
Total market value
$847,850
Applied tax rate
900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Total area
1,570 SF
Lot
0.31 ac (13,504 SF)
Zoning code
TM-C-H
APN
1S0919-B0-00701
UPID
US71-0680791
Jurisdiction
TILLAMOOK
Zoning & alternative use
TM-C-H · Tillamook, OR
Zoning TM-C-H · permitted uses
TM-C-H · Tillamook, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tillamook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Oregon Coast Bk
Individual
Free & Clear · 12 yrs held
Mailing address
909 SE BAY BLVD, NEWPORT, OR 97365-4102
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2014
$650,100
Oregon Coast Bk
Taco Time LLC
Warranty Deed
—
—
—
Taco Time Tillamook LLC
—
Deed Of Trust
related
$39,000 · Columbia-pacific Economic Dev
—
—
Robert V Ridderbusch
—
Deed Of Trust
related
$100,000 · Tlc FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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